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Provides private mortgage insurance that protects lenders against borrower default on low-down-payment home loans.
Provides private mortgage insurance that protects lenders against borrower default on low-down-payment home loans.
Collects premiums, mostly monthly, on policies that protect lenders from losses on defaulted low-down-payment loans and pays claims only on defaults, so earnings depend on how long loans stay in force and how many default. It started in 2008, after the housing crash, with no old loans on its books. Essent Re also takes on mortgage risk from Fannie Mae and Freddie Mac.
Moat: narrow (regulatory licence, scale, process know-how). Requires state licensing and GSE approval to operate; a small group of approved insurers share the mortgage insurance market.
Headquarters: Radnor, Pennsylvania, United States · Founded: 2008 · Employees: 514
Size Essent (ESNT) is a United States Financials company (Specialty Insurance) with a market value of $5.70B, the 1100th largest of 3,117 United States companies the cockpit tracks. Shares closed at $63.41 on 6 Nov 2026.
Performance Over six months the shares gained 0.4%, against -5.7% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 10 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +12.7%); the operating margin is 65.8% (peer median 13.6%).
Valuation It trades at 1.01× book value against a peer median of 1.11× (5th cheapest of 10).
Price implies The share price implies a return on equity of about 8.5%; Essent delivers 12.0%, so the price asks less than the business earns today.
Credit Essent has 1 bond outstanding ($500M), rated BBB- by the agencies and trading like BBB- at a weighted spread of 110 bp.
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.30B | $1.24B | $1.22B | $1.09B | $1.00B |
| Revenue growth | — | +1% | +12% | +9% | — |
| Net income | $681M | $690M | $729M | $696M | $831M |
| Free cash flow | $826M | $849M | $855M | $759M | $585M |
| Capital expenditure | $8.19M | $7.36M | $16.8M | $4.00M | $3.98M |
| Total debt | $496M | $532M | $530M | $460M | $436M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Essent ESNT | $5.70B | 0% | +4% | 12% | 1.01× | 8.5% |
| MGIC Investment MTG | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% |
| Radian RDN | $4.76B | -5% | +28% | 12% | 1.00× | 8.3% |
| NMI NMIH | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ESNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | +3.9% | 2nd lowest of 10 |
| 6-month return | +0.4% | -5.7% | 2nd highest of 10 |
| Return on equity | 12.0% | 10.1% | 5th highest of 10 |
| Price / book | 1.01× | 1.11× | 5th cheapest of 10 |
| Trailing P/E | 8.8× | 9.8× | 2nd cheapest of 10 |
| ROE the price implies | 8.5% | 9.0% | 3rd least demanding of 10 |
| ROE delivered | 12.0% | 10.1% | 4th highest of 10 |
| Bond spread | 110 bp | 128 bp | 3rd tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Essent ESNT | United States | $5.70B | 0% | +4% | 12% | 1.01× | 8.5% | 12.0% |
| General Insurance Corporation of India GICRE.NS | India | $6.37B | -14% | -1% | 9% | 0.60× | 8.9% | 9.1% |
| Radian RDN | United States | $4.76B | -5% | +28% | 12% | 1.00× | 8.3% | 12.0% |
| First American Financial FAF | United States | $6.84B | -6% | +14% | 14% | 1.27× | 13.2% | 13.7% |
| ICICI Lombard General Insurance ICICIGI.NS | India | $8.80B | -11% | +14% | 15% | 4.38× | 53.9% | 14.7% |
| Old Republic International ORI | United States | $9.50B | +1% | +11% | 18% | 1.62× | 10.4% | 17.9% |
| Assured Guaranty AGO | United States | $3.23B | -2% | +3% | 6% | 0.58× | 6.0% | 6.3% |
| Fidelity National Financial, Inc. - FNF FNF | United States | $11.8B | -13% | +13% | 10% | 1.58× | 13.4% | 10.1% |
| Coface COFA.PA | France | $2.65B | -4% | +1% | 9% | 1.11× | 8.8% | 9.4% |
| Stewart Information Services STC | United States | $1.43B | -33% | +21% | 8% | 0.86× | 9.0% | 7.7% |
Essent has 1 bond outstanding with $500M face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.65%, a spread of 110 bp over government bonds.